Venture Lab provides support (including capital) to innovative fintech startups that improve the quality of financial services available to the underserved. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Managing Director, Accion Venture Lab. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Try: Financial Technology, Sub-Saharan Africa, Case Study, Opening opportunities for job creation in developing countries, Everyone deserves a second chance to build credit and financial security, Forging a path ahead for the fintech community, Fintech startups are small yet mighty partners in building resilience—but they need to grow to succeed. You’re an early-stage fintech company with great potential and promise. Accion Venture Lab is a global venture fund at Accion that invests in fintech for financial inclusion. “This new pool of capital enables us to scale our efforts and remain at the forefront of seed stage investing in inclusive fintech.”. VC Funding in healthcare IT nearly doubles to $2.2 billion in 2013 16 Jan, 2014, 05.36 PM IST Matthew Schaar Director of Portfolio Engagement . Tags: Financial Services/Finserv, Innovation, Investment & Funding Accion, Accion Venture Lab, FinTech News Africa, USA. Accion Venture Lab is an investment initiative that provides startups with seed capital and support. Your user base is growing, and you want to continue building products that help you meet some ambitious growth and revenue goals. Accion has provided capital and support to Konfio since its seed stage investment through Accion Venture Lab. Launched in 2012 with $10 million in capital, Accion Venture Lab has emerged as a leader in fintech impact investing at the seed stage. ‎Accion Venture Lab is an initiative of Accion International that invests in innovative financial inclusion start-ups that improve financial access for people living in poverty. Accion Venture Lab’s portfolio of fintech start-ups stands at 36 and they span across five continents, giving an equal pitch footing to fintech ventures of all markets. Investors in Accion Venture Lab now include FMO, the Dutch entrepreneurial development bank; the Ford Foundation; the ImpactAssets Giving Fund of Blue Haven Initiative; Heifer Foundation; MetLife Foundation; Open Society Foundations; Pace Able Foundation; Proparco, the French Development Agency (AFD)’s private sector financing arm; Prudential Financial; Stichting Hivos-Triodos Fund, managed by Triodos Investment Management; and Visa Inc. (NYSE: V). Accion Venture Lab's Amee Parbhoo joins the first episode of a four-part mini-series of VentureKast to discuss insights and strategies from Accion Venture Lab's latest publication, which explores how fintech startups can grow by focusing on building value for their existing users. facebook social icon link twitter social icon link instagram social icon link linkedin social icon link medium social icon link vimeo social icon link. Accion Venture Lab, a unit of US-based nonprofit Accion, recently took an equity stake of undisclosed size in TerraMagna, an agricultural financial technology (fintech) startup in Brazil that partners with retailers of farming inputs on underwriting and funding loans to smallholder farmers. Acción Venture Lab invierte en Tienda Pago para ayudar a las pequeñas empresas latinoamericanas News provided by. Accion Venture Lab is the world’s leading seed-stage investor in fintech for the underserved. Washington, D.C., September 4, 2019 – Today, global nonprofit Accion announced that its seed-stage investment initiative Accion Venture Lab is adding $33M to its initial capital pool, with the launch of a new $23M fund and an additional, separate $10M investment from Accion. As Accion’s seed-stage investment initiative, Venture Lab is one component of the organization’s approach to developing the inclusive fintech ecosystem to better meet the needs of the world’s three billion financially underserved. We like innovative customer engagement models that blend tech and touch to create seamless user experiences. Tools and Insights. Accion Venture Lab is an investment initiative that drives financial inclusion globally. Amee Parbhoo Director of Investments. Funding objective . Accion Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale. Because of their high risk level and remoteness, these start-ups traditionally lack access to capital and assistance that f… Accion Venture Lab — the seed-stage investment arm of nonprofit Accion — has raised $23 million for a new inclusive fintech startup fund. Accion Venture Lab launches second edition of Company Builder programme. Early-stage startups often lack access to the capital and support they need to grow. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of — or poorly served by — the financial sector. VentureKast is the podcast about fintech and financial inclusion. How We Work . Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on financial inclusion. Read our latest stories including opinions here. We invest capital in and provide support to innovative fintech start-ups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Accion Venture Lab focuses on for-profit enterprises with new products or business models that expand the range of high-quality financial services for people living in poverty. Accion Venture Lab and Quona Capital teamed up to host a series of remote discussions for fintech startups and industry experts to share guidance and insights. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. Accion Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale. Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis. Digital challenger bank Jeitto has that it has closed on a new funding round led by Accion Venture Lab, a seed-stage investment initiative of global nonprofit Accion. Careers. We can accelerate the growth trajectories of companies through our capital plus approach to investing.”, “There is strong potential for inclusive fintech startups to reach historically underserved communities while generating returns, and the oversubscription of the Accion Venture Lab fund is great validation of our early work investing in more than 40 innovative businesses operating in 30 markets,” said Venture Lab Managing Director Vikas Raj. Venture Lab invests capital in, and provides support to, innovative fintech start-ups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved. This list of organizations invested in by Accion Venture Lab provides data on their funding history, investment activities, and acquisition trends. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. “Fintech startups are finding new ways to provide products and services that help these underserved people. Accion Venture Lab is an investment initiative that drives financial inclusion globally. Today, those include insurtech, agricultural finance, digital lending, holistic MSME finance solutions, and personal financial management. Salaries, reviews, and more - all posted by employees working at Accion. The Accion Frontier Inclusion Fund, the first global fintech fund for the underserved, for which Accion is the sponsor and anchor investor, invested in Konfio's Series A round in May 2016. We invest capital in and provide support to innovative fintech start-ups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Leave a comment Cancel reply-or-Log in with your FinTech Futures account. Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on… Daniel Mpala Venture capital • 4 Sep 2019. We cover Capital & Celeb News within the sections Markets, Business, Showbiz, Gaming, and Sports. Accion Venture Lab has always had a commitment to growing and supporting fintech startups that are advancing financial inclusion in Africa. Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Federico Gomez Romero Latin America Investment Officer. “Capital must be paired with strategic and operational support that is informed by a deep knowledge of the sector, target customer, and a deliberate focus on how new technologies can help the underserved build better lives. ACCION VENTURE LAB. For every dollar Accion Venture Lab has invested, its portfolio companies have raised an additional $13 in equity capital from later-stage investors. Accion International launches $10 million investment vehicle, Venture Lab 05 May, 2012, 12.44 PM IST. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. Accion Venture Lab is an active and engaged investor, creating value in our portfolio by providing investees with strategic and operational support across a broad range of functional areas. Shannon Dwyer Investment & Portfolio Associate. Accion’s tracks Growing digital tools to match workers’ needs: An interview with SmartMEI’s Carlos Dejavite by Accion published on 2020-12-17T15:42:12Z. Venture Lab invests capital in and provides support to innovative fintech startups that improve access, quality, and affordability of financial services for the underserved at scale. Companies need not have significant revenue traction but should be post-research and development, have a full-time entrepreneur or team in place, and, ideally, have a pilot or prototype in the market. Mobile phone–based financial services or business models built on mobile payment platforms; Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy); Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media); Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and. --- or ---- Register Login Login × Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Venture Lab invests capital in and provides support to innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. 2. Accion, a global nonprofit focused on financial inclusion announced last week that its seed-stage investment initiative Accion Venture Lab has closed $33 million in fresh capital; with $23 million of it coming for Accion Venture Lab’s new fund from third-party investors and an additional $10 million investment from Accion itself. Accion Venture Lab is the world's leading seed-stage investor in fintech for the underserved. Since launching, Accion Venture Lab has deployed over $12 million across more than 30 start-ups that work in over 20 countries worldwide. Accion expanded its work to yet another country in April 2015 when it partnered with Myanmar's DAWN, a microfinance institution originally launched in 2002 as a program of Save the Children. Note to reporters: Accion Venture Lab launched in 2012 with $10 million in capital. Inclusive fintech startups face the same significant entrepreneurial challenges as other startups, as well as additional challenges: a highly competitive sector, constantly evolving regulations that vary across markets, challenges building the right team, and tight margins. ### About Accion. Accion Footer Logo Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. Vikas Raj Managing Director, Accion Venture Lab . To date, millions of people and small businesses around the world have benefitted from services provided by Venture Lab portfolio companies, and many of those companies have gone on to achieve substantial scale thanks to Venture Lab’s catalytic capital.